326 Athol Ave - 326-328 Athol Ave, Oakland CA 94606 2 Unit Apartment Building Offered at $906,425 CAD at a 4.03% Cap Rate Oakland, CA 94606

326–328 Athol Avenue presents a unique duplex investment opportunity in Oakland’s highly desirable Cleveland Heights neighborhood, offering a rare blend of multifamily income with the feel and functionality of a single-family residence. Located just 0.6 miles from Lake Merritt and approximately 2.2 miles from Jack London Square, the property benefits from close proximity to premier dining, retail, and waterfront amenities, while remaining in a quiet, residential setting that continues to attract strong tenant demand.
The property is composed of two separate structures, highlighted by a spacious single-family home exceeding 1,500 square feet. This front residence features three bedrooms and one-and-a-half bathrooms, providing a highly desirable housing option that appeals to families, roommates, and long-term tenants seeking more space and privacy than traditional apartment living. The single-family nature of this unit is a key driver of the property’s appeal, offering flexibility in leasing strategy, the ability to command premium rents, and strong potential for an owner-user seeking to occupy one unit while generating supplemental income from the rear unit.
Complementing the main home is a detached two-bedroom, one-bathroom loft-style unit located at the rear of the property. This secondary structure adds an additional income stream while maintaining privacy between the two units, a feature that is increasingly valued by tenants. The layout of the property allows for independent living spaces, making it well-suited for a variety of tenant profiles or an owner-occupant scenario.
As part of a larger contiguous assemblage opportunity with the neighboring properties at 320–322 Athol Avenue and 330 Athol Avenue, this duplex offers investors the ability to scale within a prime Oakland submarket. Whether acquired individually or as part of a portfolio, 326–328 Athol Avenue stands out for its strong fundamentals, versatile unit mix, and the added appeal of a single-family-style residence within a multifamily investment.